Viant Technology Inc. (NASDAQ:DSP) Receives $17.75 Consensus PT from Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.75.

Several equities analysts recently issued reports on DSP shares. JMP Securities raised their price objective on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group upped their price target on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Craig Hallum lifted their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Finally, Needham & Company LLC upped their price target on shares of Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In other Viant Technology news, Director Max O. Valdes sold 7,500 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Larry Madden sold 67,243 shares of Viant Technology stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total value of $1,021,421.17. Following the completion of the transaction, the chief financial officer now owns 461,107 shares in the company, valued at approximately $7,004,215.33. The trade was a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,034 shares of company stock worth $2,175,409 over the last ninety days. 28.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Viant Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. ClariVest Asset Management LLC acquired a new position in Viant Technology during the 2nd quarter valued at about $1,387,000. Acadian Asset Management LLC lifted its stake in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after buying an additional 123,635 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after purchasing an additional 66,509 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Viant Technology by 102.2% during the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after acquiring an additional 48,826 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Viant Technology in the 2nd quarter valued at about $236,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Stock Performance

Viant Technology stock opened at $19.37 on Thursday. The stock has a market cap of $1.22 billion, a P/E ratio of 322.89 and a beta of 1.00. The firm’s fifty day moving average price is $17.61 and its 200-day moving average price is $13.11. Viant Technology has a fifty-two week low of $6.50 and a fifty-two week high of $21.74.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.